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Dec 29, 2012
12/12
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staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leader
staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that...
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Dec 28, 2012
12/12
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also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health publications, high blood pressure, heart disease, kidney damage, and even cancer. bottom line, for the death your health express yourself. if you're angry, let it all out. don't hold the pack. expressing your emotions could be just the key to that enjoyed a long and healthy life. that's my "2 cents more." thanks for joining is. don't forget to record the show if you cannot catch us live. have a great night and will see you tomorrow. ♪ lou: good evening. the pounding, deafening drumbeat for gun control is rising. emanating principally from washington, the present, and members of
also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health...
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Dec 28, 2012
12/12
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what does harry reid do? does he blink obama's plan to the floor or try to work with mcconnell in this 11th hour. you will have a tough vote for many house republicans. if that level is at 250 and it includes unemployment, make it so republicans may not. >> joy, do you think we have a deal? >> you know, ill'm still very dubious. but if there is a deal, it will be with a majority of democrats in the house and there's a political risk for boehner in that. >> thank you. you've been watching "hardball." we'll be back in one hour with an all-new live edition. until then, "politics nation" starts rite now. >> thanks, richard. thanks to you for tuning in. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right
what does harry reid do? does he blink obama's plan to the floor or try to work with mcconnell in this 11th hour. you will have a tough vote for many house republicans. if that level is at 250 and it includes unemployment, make it so republicans may not. >> joy, do you think we have a deal? >> you know, ill'm still very dubious. but if there is a deal, it will be with a majority of democrats in the house and there's a political risk for boehner in that. >> thank you. you've...
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Dec 28, 2012
12/12
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we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white house would contend walked away from when he proposed his $1 million threshold in this situation right now. that and a priority that the president outlined a week ago on friday before leaving to join the family in hawaii saying he wanted to extend unemployment benefits for a lot of americans. 2 million plus beginning to lose unemployment benefits, beginning of the end of the this week and significant element, as well. the president indicated to reporters when he spoke in the reefing room last he was open to several smaller steps enroute to a smaller package and unclea
we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white...
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Dec 30, 2012
12/12
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reid said everybody can go home until about 11:00 tomorrow. tomorrow is new year's eve, for those paying attention. and apparently, there's no dignity left in the senate or house and they will be in tomorrow on new year's eve pretending like they're going to get to some kind of resolution here. >> what do we know about where they are, robert? did the inclusion of the vice president make any difference? what do you know? >> i think that's a key point, chris. tin collusion of vice president biden in these talks means that though these talks are stalled, negotiations continue. harry reid and mitch mcconnell had some problems getting to a final offer, final counteroffer this afternoon. but the inclusion of vice president biden means the white house is in the loop with what minority leader mcconnell is doing. >> how much hope is really the question here, ryan? taking the cost of living essentially, the cpi off the table for social security, which was going to be a non-starter for harry reid and for the president, so i guess the republicans could sa
reid said everybody can go home until about 11:00 tomorrow. tomorrow is new year's eve, for those paying attention. and apparently, there's no dignity left in the senate or house and they will be in tomorrow on new year's eve pretending like they're going to get to some kind of resolution here. >> what do we know about where they are, robert? did the inclusion of the vice president make any difference? what do you know? >> i think that's a key point, chris. tin collusion of vice...
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Dec 26, 2012
12/12
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gallup has new numbers showing tremendous poll increases for harry reid and congressional democratic leaders. the real question is can the democrats seize this opportunity to their advantage. >> all right. wewe he to leave it there, gentlemen. thank you for coming on the program. i know it's certainly early. our thanks, of course, to jake and josh. >> thanks. >>> futures will begin trading at the top of the hour. we'll prepare for your market open. so be sure to keep the channel on cnbc. >>> plus, problems for netflix. we'll tell you why the video streaming service may be getting some coal in its stocking this year. >>> if lawmakers do not reach a budget deal to avoid the fiscal cliff, federal taxes will be raised by more than $500 billion in 2013. an average of almost $3,500 per household. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "worldwide exchange." if you got an ipad mini under the tree this year, you're not alone. the new apple tablet has been in short demand wor
gallup has new numbers showing tremendous poll increases for harry reid and congressional democratic leaders. the real question is can the democrats seize this opportunity to their advantage. >> all right. wewe he to leave it there, gentlemen. thank you for coming on the program. i know it's certainly early. our thanks, of course, to jake and josh. >> thanks. >>> futures will begin trading at the top of the hour. we'll prepare for your market open. so be sure to keep the...
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Dec 27, 2012
12/12
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thanks a lot, harry reid. with today's losses we have wiped out december's gains on the stock market. today, also by the way, takes the very dubious prize of being the worst day of december for all three averages and the worst day since november the 14th. we are now down on the stock market for the fourth day in a row and the vix, guys, is jumping. let's get straight down to the trading store and find out the buzz. seema modi is manning the nas desk. >> a deal to avoid the fiscal cliff thought it was a certainty at the beginning of the month. today not so much. senator reid's comments and a dismal report triggering a selloff that a lot of pessimists had expected sooner than today because they didn't think the deal on the cliff would be done. the dow dropping below 13,000 for the first time today sings the beginning of this month. now negative as well for the month of december. trading at a three-week low with all 30 of the dow components in negative territory. with the dow below 13,000 the s&p is notching up i
thanks a lot, harry reid. with today's losses we have wiped out december's gains on the stock market. today, also by the way, takes the very dubious prize of being the worst day of december for all three averages and the worst day since november the 14th. we are now down on the stock market for the fourth day in a row and the vix, guys, is jumping. let's get straight down to the trading store and find out the buzz. seema modi is manning the nas desk. >> a deal to avoid the fiscal cliff...
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Dec 26, 2012
12/12
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joy reid? >> the neocons won't stop. they've been wrong on every foreign policy question of my lifetime and still want to be in charge. >> to think of another liberal-type reformer you have to go to harold brown under carter and was a multilateralist, looked to use the pentagon as a place to negotiate arms reduction treaties. it was a different type of defense strategy, it was, by the way, controversial at the time. but the point to hagel, joy, is we're talking about someone who objectionable comments aside or not, someone who would be a change agent, and why won't the president fight for that? >> his only objectionable comment was his comment on the gay community. >> how long ago? >> bill clinton signed, you know -- >> clinton, who progressives like. >> it was a very different time in gay rights. >> and the issue on israel, what did he say, he's not a senator from israel? have we gotten to the point you can't say that? he's a republican, we're not going to agree with everything he says. >> he was against sanctions in ir
joy reid? >> the neocons won't stop. they've been wrong on every foreign policy question of my lifetime and still want to be in charge. >> to think of another liberal-type reformer you have to go to harold brown under carter and was a multilateralist, looked to use the pentagon as a place to negotiate arms reduction treaties. it was a different type of defense strategy, it was, by the way, controversial at the time. but the point to hagel, joy, is we're talking about someone who...
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Dec 30, 2012
12/12
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in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. that's really a democratic proposal, and you can expect republicans to block it. rather than thinking of that as a stop gap measure, you should probably think of it it as a political measure to shift the responsibility for failure onto republicans just before the nation hits the hour of reckoning. alison. >> thanks. with everyone from the president to republican leaders expressing hope for a deal by tomorrow night, at least one congressman says the chances look slim to none. listen to virginia democrat jim moran as he describes why he'll likely vote against a deal. >> my congressional district would be the hardest-hit if we go over the fiscal cliff. i have tens of thousands of federal employees and a great deal of defense spending would be at risk. so if we don't suspend the sequester and it looks like this very small deal may not even achieve that, then i'd have to be a
in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. that's really a democratic proposal, and you can expect republicans to block it. rather than thinking of that as a stop gap measure, you should probably think of it it as a political measure to shift the responsibility for failure onto republicans just before the nation hits the...
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Dec 27, 2012
12/12
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and have to address spending now. >> when you read his moats, the -- outline that he sends to harry reid, he says the government is spending $100 billion more per month than what it brings in. i mean, it is really incredible. what does this mean for the fiscal cliff discussions? >> well, i don't think it really means a whole lot. i think it is -- sort of the white house's way, treasurer's way, of putting extra pressure on the people in the building behind us. by the way, none of them are there. i'm not sure that's really going to work, frankly. and -- i -- john, our colleague john harwood is exactly right. this is not a surprise. we knew this was coming. the question that it is, you know, three days -- thee business days, as you say before, the actual deadline itself, that's disconcerting. but -- again, it is not surprising. i don't think it has any -- will peak the negotiations at all, frankly. not at all. >> what about the secretary's use of this phrase -- the country would otherwise default on its legal obligations. i think he purposefully use this phrase default to confuse the public
and have to address spending now. >> when you read his moats, the -- outline that he sends to harry reid, he says the government is spending $100 billion more per month than what it brings in. i mean, it is really incredible. what does this mean for the fiscal cliff discussions? >> well, i don't think it really means a whole lot. i think it is -- sort of the white house's way, treasurer's way, of putting extra pressure on the people in the building behind us. by the way, none of...
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Dec 30, 2012
12/12
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what's happening right now is harry reid and mitch mcconnell, the top democrat and republican in the senate are still negotiating their staffs at this hour. they are supposed to be working until about 3:00 this afternoon when the plan would be presented to both caucuses. as we understand what they are talking about is the bare minimum. basically the senate negotiating to extend those tax cuts for everybody making under $250,000 a year and do extend unemployment benefits also they're talking about trying to do something to stop the automatic spending cuts that go into effect but don't expect a deal on that. now, dan, if a deal can be reached today, the senate would begin looking at it, begin debating it and then you would see vote tomorrow in the senate and possibly a vote tomorrow in the house because as you know, if we get to tuesday without any of this happening, off the cliff. >> and, jon, you say off the cliff by tuesday, just two days left, how damaging would it be if we do indeed go off the cliff even if we bungee up a few days or weeks after. >> the impact on everybody's taxes
what's happening right now is harry reid and mitch mcconnell, the top democrat and republican in the senate are still negotiating their staffs at this hour. they are supposed to be working until about 3:00 this afternoon when the plan would be presented to both caucuses. as we understand what they are talking about is the bare minimum. basically the senate negotiating to extend those tax cuts for everybody making under $250,000 a year and do extend unemployment benefits also they're talking...
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Dec 27, 2012
12/12
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president. >> we're going to step away from harry reid. you kind of get the gist of what he's saying. he's blaming the republican john boehner for the stall in talks on fiscal cliff. dana bash is our congressional correspondent. it just seems like this is the blame game. the house speaker would blame the president, the senate majority leader would blame the house speaker. who is to blame in all this? >> everybody is, carol. it's the blame game. i'm a little surprised at how personal harry reid just got in going after the speaker. it is true that things have clearly broken down, that goes without saying, and that the democrats were not happy that maybe a week and a half ago the speaker pulled out of talks with the president after they had reached a pretty good amount of progress. but the fact that he called the speaker a dictator and in the next breath said he's worried about his job, it's a little contradictory, but very personal. let me give you a little bit of a reality check. that is it is true that the house is not in session. they wil
president. >> we're going to step away from harry reid. you kind of get the gist of what he's saying. he's blaming the republican john boehner for the stall in talks on fiscal cliff. dana bash is our congressional correspondent. it just seems like this is the blame game. the house speaker would blame the president, the senate majority leader would blame the house speaker. who is to blame in all this? >> everybody is, carol. it's the blame game. i'm a little surprised at how personal...
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Dec 27, 2012
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>> well, you just heard from senator reid he's pessimistic. i told you he's probably one of the biggest pes mists on the planet but i think in this particular case he has good reason to be pessimistic. the one thing that i think is important to also note is that what reid is telling people privately, i'm told, is that he doesn't want to bring anything up for a vote unlil he is sure it will pass both houses of congress and one of the reasons for that is a political one. he knows republicans won't want to take a vote to effectively increase taxes for that reason, to say i did it because i want to make sure most americans kept their tax cuts in place but also because of the markets. they really feel here if they take a failed vote and we still go over the fiscal cliff it will make the market reaction even worse than it would be if the fiscal cliff just happens which is not going to be a good scene probably. >> dana, that ing you very much. we'll be back with you in a half hour. >>> the adupgs of a russian child was almost complete. now an america
>> well, you just heard from senator reid he's pessimistic. i told you he's probably one of the biggest pes mists on the planet but i think in this particular case he has good reason to be pessimistic. the one thing that i think is important to also note is that what reid is telling people privately, i'm told, is that he doesn't want to bring anything up for a vote unlil he is sure it will pass both houses of congress and one of the reasons for that is a political one. he knows...
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Dec 27, 2012
12/12
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harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the president and top-level republicans. sources from both parties are telling us they are watching the senate, especially the democratic leadership in the senate. we also know yesterday house republicans came out with a statement saying that he will act only after the u.s. senate acts. we're not sure what the senate will do, as you say, we're expecting that smaller deal. what exactly will they vote on? perhaps something that will erase tax hikes for most but not all americans. there could be some money in there for unemployment benefits. they're cobbling all of that together today. all eyes again on the senate, as you say. an let's look at what's going to happen today. 10:00 a.m., that's when the senate comes into session, 10:00 a.m. 11:30 is when president obama returns from hawaii. so we expect many conversations after the president returns. then we have those five days, ali, as you s
harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the president and top-level republicans. sources from both parties are telling us they are watching the senate, especially the democratic leadership in the senate. we also know yesterday house republicans came out with a statement saying that he will act only after the u.s. senate acts. we're not...
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Dec 27, 2012
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senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans have bee
senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his...
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Dec 25, 2012
12/12
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the white house is talking about senate democrats about what senate majority leader harry reid will have to cobble together when the senate reconvenes on the 27th and that's really the last-ditch effort. it's seen as the senate trying to do something that can also pass the house, so this is exactly what you would expect. the real problem though is as of this morning, just a week out from when the fiscal cliff is expected to hit. there's no discussions between congressional democrats and congressional republicans even on the staff level. this is what democratic and republican sources are telling me, and overall just to remind people, instead of this being -- here's what we expect. instead of this being some big bill to try to deal with the long-term fiscal health of the country which is what the fiscal cliff was supposed to be an incentive to do, we're expecting now that this is just some measure to avert the fiscal cliff which is the tax hikes, the spending cuts, each if they deal with the spending cuts and we're waiting to see what the measure will look like. i know what a hard-hitting
the white house is talking about senate democrats about what senate majority leader harry reid will have to cobble together when the senate reconvenes on the 27th and that's really the last-ditch effort. it's seen as the senate trying to do something that can also pass the house, so this is exactly what you would expect. the real problem though is as of this morning, just a week out from when the fiscal cliff is expected to hit. there's no discussions between congressional democrats and...
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Dec 28, 2012
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harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally robbing peter to pay paul. shifting the money around. so that you can actually keep paying the bills before you hit the ceiling. all in all, i can't remember an end of a year, suzanne, when we've had two so serious issues affecting the u.s. economy all at the same time. >> it is worrisome. i wonder, richard, do we have any sense of how the markets, the global markets, are even reacting to the potential, the possibility that we'd go over the cliff? >> reporter: yes. at the moment, it is quite clear they are holding their nose from the stench of politics, and they are believing that politicians will do the right thing. i was talking to one u.s. congressman today. in fact, you must have talked to s
harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally robbing peter to pay paul. shifting the money around. so that you can actually keep paying the bills before you...
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Dec 24, 2012
12/12
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chip reid is in washington with that story. good morning. >> good morning, jeff. the national rifle association was silent in the days following the tragedy in newtown. now it's speaking out and reigniting an explosive debate over gun control. the nra says it will not budge from its long-time opposition to gun control, insisting that the only thing that will stop school shootings is armed guards. >> if it's crazy to call for putting police and arms security in our school to protect our children, then call me crazy. i think the american people think it's crazy not to do it. it's the one thing that would keep people safe and the nra is going to try to do that. added that banning particular guns simply doesn't work. >> we had a so-called assault weapons ban for ten years. it was allowed to expire. studies say it made no difference. so if we're looking at things that are effective, let's talk about them. but first let's talk about protecting our kids. >>> the full court press comes from those who are showing an openness to change. democratic senator mark warner of vir
chip reid is in washington with that story. good morning. >> good morning, jeff. the national rifle association was silent in the days following the tragedy in newtown. now it's speaking out and reigniting an explosive debate over gun control. the nra says it will not budge from its long-time opposition to gun control, insisting that the only thing that will stop school shootings is armed guards. >> if it's crazy to call for putting police and arms security in our school to protect...
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Dec 26, 2012
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there's a good relationship between the white house and senator reid. there's been an open line of communication for the last few days, they've been discussing a proposal very much in the works. the issue here, drew, is that so far there's no discussion between senate democrats and senate republicans or the white house and senate republicans or the white house and senate democrats and house republicans and there needs to be agreement because the expectation, if something passes i will say this, if something manages to get through congress, it is going to require democratic and republican votes, so at some point, they all have to be talking and that still isn't happening at this point. >> briannna, thanks. seems like they should go to hawaii, sit on a beach and cool off. i guess you're coming back to d.c., thanks a lot. >> reporter: i am, thanks. >> that's the solution. that's the solution. >> could be. >>> nine minutes after the hour. other top stories we're learning more this morning about that sniper who killed two volunteer firefighters on christmas
there's a good relationship between the white house and senator reid. there's been an open line of communication for the last few days, they've been discussing a proposal very much in the works. the issue here, drew, is that so far there's no discussion between senate democrats and senate republicans or the white house and senate republicans or the white house and senate democrats and house republicans and there needs to be agreement because the expectation, if something passes i will say this,...
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Dec 28, 2012
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president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it
president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m.,...
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Dec 24, 2012
12/12
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>> chip reid, thank you very much. also on sunday wayne lapierre said the nra is asking former congressman asa hutchinson to lead the efforts to put an armed guard in every school. >> we're going to support an immediate appropriation by congress to put police officers in every school, and we're going to work with asa hutchinson who has agreed to work with us to put together a voluntary program drawing on retired military drawing on retired police drawing on former secret service, and all these people that can actually go in and make our kids safe. >> asa hutchinson joins us. congressman, good morning. >> good morning to you, jeff. >> why does there need to be an armed guard in every single zool? >> as you emphasized this should be a voluntary program, but to us the status quo is not acceptable, as senator warner said. i think we ought to look at the safety of our schools. right now you have one-third of u.s. schools that do have an armed presence. a resource officer, a police officer is present in the school. why shoul
>> chip reid, thank you very much. also on sunday wayne lapierre said the nra is asking former congressman asa hutchinson to lead the efforts to put an armed guard in every school. >> we're going to support an immediate appropriation by congress to put police officers in every school, and we're going to work with asa hutchinson who has agreed to work with us to put together a voluntary program drawing on retired military drawing on retired police drawing on former secret service,...
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president obama meets with four congressional leaders, boehner, pelosi, reid, and o'connell. the rhetoric getting more angry and disconnected in final moments. i want to bring in michigan senator debbie stabenow now. thank you so much for being with us. >> sure. >> it really is disconnected. everywhere i go, people ask me a simple question. why can't they get this deal done? harry reid got up and said we're just procedurally not going to get this done in time, it caused people to say why not? this is the most anticipated problem we've ever had. it just -- regular folks folks look at washington and say what is going on. >> ali, i'm here and saying what is going on. there are basically three pieces to solving the deficit, right? one is spending and we have agrowed to $1.6 trillion in spending cuts in the last two years and the other is spending cuts. we put forth spending cuts of over $700 billion. not cutting care to seniors, but cutting overpayments to insurance companies. the burden of the deficit must not just be on the middle class. the wealthy have to kick in. we sent a b
president obama meets with four congressional leaders, boehner, pelosi, reid, and o'connell. the rhetoric getting more angry and disconnected in final moments. i want to bring in michigan senator debbie stabenow now. thank you so much for being with us. >> sure. >> it really is disconnected. everywhere i go, people ask me a simple question. why can't they get this deal done? harry reid got up and said we're just procedurally not going to get this done in time, it caused people to...
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senator reid should talk less and legislate more. the house has passed legislation to avoid the entire fiscal cliff and senate democrats have not. now they are coming into the meeting and there is already acrimoney instead of reconciliation. >> part of the problem, i am sorry, the house passed two spending bills and ideas to meet the fiscal cliff and cent -- subject it to the senate. they have two over there . john boehner said let me get third plan b . everybody is like where are the republicans on this? they should have stayed firm on the ryan plan. it was the best . back track a year ago. this stems from the failure of the super committee that stemmed from the simpson-bowles commission failing. simpson-bowles. they got together and made the recommendation to president obama who commissioned that study can. >> kelly: and yet rejected it. >> that fail would and went to the super committee. they need to get together. >> julia: if you watched fox news channel yesterday. there is a map with red dots and that is the newspaper and the lo
senator reid should talk less and legislate more. the house has passed legislation to avoid the entire fiscal cliff and senate democrats have not. now they are coming into the meeting and there is already acrimoney instead of reconciliation. >> part of the problem, i am sorry, the house passed two spending bills and ideas to meet the fiscal cliff and cent -- subject it to the senate. they have two over there . john boehner said let me get third plan b . everybody is like where are the...
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Dec 27, 2012
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sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in jonathan allen. he's a senior national correspondent for politico. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the p
sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in...
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all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is now. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they do their jobs. they meet deadlines. they sit down, and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the no
all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it...
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now we're talking about reid and mcconnell and the senate. has john boehner been deemed powerless by the developments and what the house voted and did not vote on that million dollars threshold? >> well, i don't know that i'd say powerless because if it does pass the senate he becomes quite powerful, but he's definitely on the sidelines on this president, and that may be just as well, quite frankly because i have to say if you bet on boehner and obama getting into a room together and making a deal, you'd have lost a lot of money over the last couple of years. on the other hand, when reid and mcdonnell, the two senate leaders get into a room together, they somehow seem to be able to find an accommodation. i think there's much more for compromise with the senate leaders. let them make a deal, i'm sure reid is talking to the president and conversely, mcconnell is talking to boehner what they can go for, but probably to have the actual deal making going on between the two senate leaders. >> dave: chris, i want to say farewell, last time i'll chat
now we're talking about reid and mcconnell and the senate. has john boehner been deemed powerless by the developments and what the house voted and did not vote on that million dollars threshold? >> well, i don't know that i'd say powerless because if it does pass the senate he becomes quite powerful, but he's definitely on the sidelines on this president, and that may be just as well, quite frankly because i have to say if you bet on boehner and obama getting into a room together and...
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Dec 24, 2012
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and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that's going to be very hard for some republicans, maybe even some democrats to sign on to. >> right. and for just about a week ago, it was common to hear a deal will be hammered out. over the last several days we're hearing more and more that potentially this is a reality for americans in eight days' time. your sources in the administration, is there a real concern among some of the people you're speaking with that indeed this fiscal cliff will become a reality? >> i thi >> reporter: i think there is much more of a concern. a couple of weeks ago, you talk to folks not only in the administration but on the hill, there was a thought that this may be averted. now i do think there is more pessimism. you're hearing that publicly, hala. that's also what is going on behind the s
and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that's going to be very hard for some republicans, maybe even some democrats to sign on to. >> right. and for just about a week ago, it was common to hear a deal will be...
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you are asking the wrong person let's hear what senator harry reid have to say on that. he and boehner went back and forth. let's listen. >> if we come up with something that's not that easy we're dealing with big numbers and some of the stuff that we do is somewhat complicated but i think it was a positive meeting there was not a lot of hilarity in the meeting. everyone knows how important it is. it is a very serious meeting and it would have took an extended period of time as you all know waiting for us. but everybody, this is -- whatever we come up with is going to be imperfect. some people aren't going to like it. some people will like it less. but that's where we're. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. we're going to do the best we can for the caucuses that we have and the country waiting for us to make a decision. >> juliet: charles krauthammer made a great point the other day. ultimately the way the president is going to be judged isn't going to be what happens in the next couple of
you are asking the wrong person let's hear what senator harry reid have to say on that. he and boehner went back and forth. let's listen. >> if we come up with something that's not that easy we're dealing with big numbers and some of the stuff that we do is somewhat complicated but i think it was a positive meeting there was not a lot of hilarity in the meeting. everyone knows how important it is. it is a very serious meeting and it would have took an extended period of time as you all...
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they say we have this deal harry reid said the senate won't pick up and ask you to vote for revenue increase or tax hike, a lot of republicans will say hell no to that whereas they might vote for the larger deal that stands for a chance of addressing the fiscal cliff. >> congressman, what is the chance we're doing this in february alling to with t ing i together with the debt ceiling and everything combined. >> that is an interesting question. we are talking about the debt ceiling. here, you will see a slight change in style of congress. there is a camp in the republican camp that says let's do nothing until we get to debt ceiling because that re-established our ledge. there is a movement that the president and congress say we're not going to play hostage again where we get downgraded and the country is on a real cliff and not pay our bills. there is a chance democrats look at republicans, say, fine, don't raise the debt ceiling, the fault of the united states of america will be on your shoulders. i hope we don't get that and get the out-line of a deal in coming weeks. it will have to addres
they say we have this deal harry reid said the senate won't pick up and ask you to vote for revenue increase or tax hike, a lot of republicans will say hell no to that whereas they might vote for the larger deal that stands for a chance of addressing the fiscal cliff. >> congressman, what is the chance we're doing this in february alling to with t ing i together with the debt ceiling and everything combined. >> that is an interesting question. we are talking about the debt ceiling....
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so joining me, i think we still have joy ann reid from the grio. i want to ask you if you're still there about the comments that -- i'll just read them out from harry reid, the senate majority leader. he said there was a long meeting at the white house, it was very constructive. we hope it will bear fruit but that's what we hope to learn. he said i think the next 24 hours will be tre instructive as to what we're able to accomplish. we talked about a lot of things. there's no concrete proposal at this time he said. we have a number of different directions we're going it try to take and we're going to see what can be worked out. joy, if they're talking like this in vague terms, does this make us feel like there's something going on? i mean, obviously there's a communication there, but without a concrete proposals, how quickly can they turn this around? >> well, you know what, richard, i think this could be john boehner learning the lesson of not to put out any specifics he can't deliver on. we were just talking about that before. he's been burned bef
so joining me, i think we still have joy ann reid from the grio. i want to ask you if you're still there about the comments that -- i'll just read them out from harry reid, the senate majority leader. he said there was a long meeting at the white house, it was very constructive. we hope it will bear fruit but that's what we hope to learn. he said i think the next 24 hours will be tre instructive as to what we're able to accomplish. we talked about a lot of things. there's no concrete proposal...
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i think if harry reid does it, fine. let him do it. we need to think of what the country needs more than what each party does and concerned about the election on january 3rd? if nothing happens, he may have to worry about the election, john boehner. what i would advise him to do, he doesn't seek my advice, let me give you some advice. be what you want to be. do what you have to do. and democrats will support you if you do that. >> do you think at this point there's even enough time to get a deal done? realist achally. >> absolutely. there is time. now, i know we went out of session today and won't be in session technically until monday. that can change over the weekend. through emergency. so what happens to saturday and sunday? i mean, we all rather be with our families and friends but the fact is america needs this done right now. you know what's disappointed me most of all, craig? talking heads, many of them on television and some members of my own party saying, well, it won't be as bad. we'll take it up in the new congress. i think
i think if harry reid does it, fine. let him do it. we need to think of what the country needs more than what each party does and concerned about the election on january 3rd? if nothing happens, he may have to worry about the election, john boehner. what i would advise him to do, he doesn't seek my advice, let me give you some advice. be what you want to be. do what you have to do. and democrats will support you if you do that. >> do you think at this point there's even enough time to get...
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tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a deal on monday and is it going to be enough? >> i think we will have a deal. one big difference now than maybe a couple of weeks, three weeks ago is a lot of republicans believe that eventually they really believe that the president would cave and they would cave again just like they did in 2010 that if he's so worried about a second recession would just smear his second term and he would cave. if you saw the president today in the news conference, he did not look like a guy about to cave to me. he's not going cave. this deal will go through. >> what's it going to be. >> will
tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a...
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senator reid said he's awaiting good faith proposals from the republicans. president obama said after the meeting that he is modestly optimistic a deal can be reached, but as you can hear from senator reid, the president asked that if a deal between republicans and democrats cannot be reached, then the president wants just an up or down vote on what he wants, which is quite simply no income tax rates going up for people making $250,000 and under. and an extension of long-term unemployment benefits. and that's of course for the long-term unemployed as well as what's known as a dock fix which has to do with medicare payments to doctors. that's where we are. we don't expect anything big in the next 24 hours, but this is after all washington. right now, it's time for piers morgan tonight. >> tonight, tyler perry is a successful writer, director, actor. >> she told me you're the best interviewer in the world, so i'm worried. >> his movies have grossed over $600 million. >> it means i get to reinvest in what i do and i'm able to hire a lot more people. >> and he k
senator reid said he's awaiting good faith proposals from the republicans. president obama said after the meeting that he is modestly optimistic a deal can be reached, but as you can hear from senator reid, the president asked that if a deal between republicans and democrats cannot be reached, then the president wants just an up or down vote on what he wants, which is quite simply no income tax rates going up for people making $250,000 and under. and an extension of long-term unemployment...
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senators reid and mcconnell are discussing potential agreement. where we get a bipartisan bill out of the senate. over to the house and done in a timely fashion. so that we met the december 31 deadline. given how things have been working in this town, we always have to wait and see until it happens. one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people. and that lays the groundwork for additional deficit reduction and economic growth steps we can take in the new year. let's not miss this deadline. that is the bare minimum we should be able to get done. it shouldn't that hard since democrats and republicans both say they don't want to see tax goes up on middle class families. i just to have to repeat. outside of washington, n
senators reid and mcconnell are discussing potential agreement. where we get a bipartisan bill out of the senate. over to the house and done in a timely fashion. so that we met the december 31 deadline. given how things have been working in this town, we always have to wait and see until it happens. one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i...
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so if harry reid and mr. mcconnell can't come up with something, then you've got barack obama's proposal. >> joy, even before it gets to the house republicans, there are plenty of republicans in the senate who can mess this up, right? even if mcconnell and reid have a deal, there's no guarantee that there isn't a single tea party-backed senator. >> well, i mean, at the end of the day, look, mitch mcconnell is a much better leader of his caucus. and mcconnell has really controlled the leaders. the fact that he's meeting with harry reid means there probably isn't going to be a filibuster. i'll find that very surprising. the problem is that never have we seen, not in my lifetime, a weaker speaker of the house of representative than john boehner. john boehner has essentially thrown up his hands and walked away from this process. he's walked away from the constitutional mandate that senate and tax bills come from the house, not the senate. and he's said you guys pass something. they were going to pass something. i
so if harry reid and mr. mcconnell can't come up with something, then you've got barack obama's proposal. >> joy, even before it gets to the house republicans, there are plenty of republicans in the senate who can mess this up, right? even if mcconnell and reid have a deal, there's no guarantee that there isn't a single tea party-backed senator. >> well, i mean, at the end of the day, look, mitch mcconnell is a much better leader of his caucus. and mcconnell has really controlled...
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senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year, and the only choice we have is to save taxes going up on the middle class, then i would support that. >> last weekend, "the wall street journal" had a great piece going behind the scenes on the fiscal cliff negotiations. and in it, they quoted this exchange between speaker boehner and president obama. mr. boehner said he wanted to deal along the lines what the two men had negotiated, summer of 2011, in the fight over raising the debt ceiling. "you missed your opportunity on that," the president told him. cold. but what we know right now, what we know from
senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year,...
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we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of both sides
we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the...
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mcconnell and harry reid come up with the deal. they accept it to the house on sunday night, monday morning. what are the chances of them getting their ducks in a row, boehner getting his ducks in a row and us still being able to avoid the krif? >> right. we should have a better sense of that by tomorrow afternoon when they start to reconvene. speaker boehner made it clear at the meeting at the white house on friday, anything that the senate passes will be considered by the house, might be amended, might be changed a bit. has to go back to the senate quick for changes. but he said will indeed be considered. the question, can perhaps all the democrats plus at least some republicans, come together to pass something while a bunch of conservative republicans will oppose it, because it's raising taxes for one thing. >> the issue of taxes, is this a consequence of really what happens with bush 41? who is recovering in the hospital, by the way, right now and certainly our thoughts are with him. when he broke that pledge, read my lips, no
mcconnell and harry reid come up with the deal. they accept it to the house on sunday night, monday morning. what are the chances of them getting their ducks in a row, boehner getting his ducks in a row and us still being able to avoid the krif? >> right. we should have a better sense of that by tomorrow afternoon when they start to reconvene. speaker boehner made it clear at the meeting at the white house on friday, anything that the senate passes will be considered by the house, might...
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harry reid was sounding the death knell. what happened yesterday, david? >> congressional leaders came to the white house and had direct talks with the president and john boehner continues to say, look, new it's up to the senate to take action and so there is -- what was noticed on these negotiations and the question is go going, and that's the sticking point and we're waiting to see what happens and we're running out of time and as the other guests have said, it will be up to the house to see if they can get it through. >> i want to throw it up on the screen so folks at home can appreciate when we're talking about and what it will mean for people if no deal is reached. the bush tax cuts expire for all americans. that means everyone's taxes go up. the payroll tax holiday will expire which means roughly $1,000 decrease in take home pay for the the average worker. unemployment insurance goes away for more than 2 million people. the sequester as well, $110 billion in automatic spending cuts to defense and other domestic programs. that's going kick in, as well
harry reid was sounding the death knell. what happened yesterday, david? >> congressional leaders came to the white house and had direct talks with the president and john boehner continues to say, look, new it's up to the senate to take action and so there is -- what was noticed on these negotiations and the question is go going, and that's the sticking point and we're waiting to see what happens and we're running out of time and as the other guests have said, it will be up to the house...
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we have a loose deadline of 3:00 that reid and mcconnell had. what are you hearing as the clock ticks about where they are in negotiations? you said to me a moment ago, you are aware of a few sticking points. give us the latest. >> there are a few key sticking points. you know, it really does come down to the same thing. when you get done with the whole package, have we shifted taxes or are the wealthy getting their fair share? we get into estate tax where there's a debate about do the wealthy pay their fair share or shift it to the middle class. frankly, we have had two years of debating, running up to deadlines, putting faith and credit of the country on the line. each time, we agreed to spending cuts. now a total of $1.6 trillion in spending cuts that mainly hit the middle class, low income people, seniors and we still don't have any contribution from the wealthiest americans. that's the line in the sand for us. we know we need to go further on a lot of fronts. you have to start by everybody sacrificing and paying their fair share. >> you may
we have a loose deadline of 3:00 that reid and mcconnell had. what are you hearing as the clock ticks about where they are in negotiations? you said to me a moment ago, you are aware of a few sticking points. give us the latest. >> there are a few key sticking points. you know, it really does come down to the same thing. when you get done with the whole package, have we shifted taxes or are the wealthy getting their fair share? we get into estate tax where there's a debate about do the...
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harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got
harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello?...
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Dec 31, 2012
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but senator reid said his preference is 250,000, which i agree with, by the way. what we're talking about is 4.6% increase in taxes. that means if you're making 250,000 ayear for every additional 1,000 you'll pay $46. the notion of paying $46 out of 1,000 for wealthy people has any negative affect on anybody, i confirmed this talking to one of wealthiest men of boston, i asked if we were to raise taxes by that amount on him would he know it if his accountant didn't make a point of telling him. he said of course not. but in any case the 400 is an effort to have a compromise. and then maybe you bring in some other elements. but -- >> let me ask you about other things being talked about here. politico describes talks as hanging by a thread and say now that this change, potentially the social security taken off the table by republicans, the problem is over sort of turning off the sequester, those tens of billions of dollars in spending cuts. >> yes. >> democrats, we are told, tell me if i'm right, they want to use some revenue from increased taxes to postpone those cu
but senator reid said his preference is 250,000, which i agree with, by the way. what we're talking about is 4.6% increase in taxes. that means if you're making 250,000 ayear for every additional 1,000 you'll pay $46. the notion of paying $46 out of 1,000 for wealthy people has any negative affect on anybody, i confirmed this talking to one of wealthiest men of boston, i asked if we were to raise taxes by that amount on him would he know it if his accountant didn't make a point of telling him....